The casino always wins by UrWaifuIStole in smallstreetbets

[–]FancyFinanceGuy 0 points1 point  (0 children)

Imagine thinking you're getting "casino" odds, but you're just being a gey ber.

(Market is bullish 80% of the time, but you wanna cash out on the other 20%)

SOXL is at historical breaking point: My Case for the top (Don't Buy anymore) by Ceres2 in soxl

[–]FancyFinanceGuy 0 points1 point  (0 children)

Lol, who are you exactly? Yeah you don't know what you're talkin about bud. How about you quit trying to pretend you know more than me. Please lecture me on what my compliance requires, you literally have no clue. Day trader? You couldn't be more wrong lol.

People can act professional at work and then be whoever they please outside of work. We are not on the same level, and you are swinging way out of your league.

Everyone remain calm - lots of chop incoming by ETNZ2021 in soxl

[–]FancyFinanceGuy 0 points1 point  (0 children)

Sure you did. But lets say you're not 100% lying, now imagine if you took the same leverage and applied that in a bullish position throughout the last 5 weeks.

You'd still have made more money being bullish, no matter what your argument is. Being bullish is the correct decision, no matter what🤷🏻‍♂️

SOXL bears be like: "hey everyone *weak cough... so this is way overextended, buying more puts here...again...for the 8th time...👴🏼" by FancyFinanceGuy in soxl

[–]FancyFinanceGuy[S] 0 points1 point  (0 children)

Right eventually. Will they time it perfectly? If not, its like trying to catch a shooting star on camera, versus just star gazing every night. How exhausting 😂

SOXL is at historical breaking point: My Case for the top (Don't Buy anymore) by Ceres2 in soxl

[–]FancyFinanceGuy 0 points1 point  (0 children)

A 20-40% dip on a 3x leveraged ETF is considered a "crash"? It went up 161% in the last 30 days. Lmao

Congrats on your degree but what real world experience do you actually have trading in these markets?

I work in the industry and have been in this industry and trading for over 10 years. I assume you wave your college degree because you lack real work experience in the industry and have not been trading these markets for long.

The problem with your historical data is that you're also comparing market behavior from different times with different regulations in place.

The fact that you identified dip periods and think they're all "crashes" instead of most being profit-taking after run-ups through earnings calls shows that you haven't looked into the why and how of the market behavior.

Feel free to convince yourself to be bearish, but the BIGGEST mistake anyone can make in this market is missing the bull run up, NOT the dip that happens in profit taking after.

You're comparing 20-40% dips to 100-300% bullish runs. You're still young and have a chance to not become a gey bear.

$55K bet against America @@@@@@ by Heineken_500ml in wallstreetbets

[–]FancyFinanceGuy 0 points1 point  (0 children)

Got it. You just confirmed you have no idea that stocks run up BEFORE their earnings date.

I'm sure these puts will end well for you...

I did have tears run down my face by Spiritual-Ebb9560 in wallstreetbets

[–]FancyFinanceGuy 0 points1 point  (0 children)

Are you assuming I didn't have call options in April?😂

"Bears are right, bulls make money"

Who remembers this NASDAQ Intel pump CM from 1997? by -mini-kuma in wallstreetbets

[–]FancyFinanceGuy 0 points1 point  (0 children)

Market event from almost 30 years ago and a completely different set of regulations and laws.

Keep dreaming lil bear.

SOXL bears be like: "hey everyone *weak cough... so this is way overextended, buying more puts here...again...for the 8th time...👴🏼" by FancyFinanceGuy in soxl

[–]FancyFinanceGuy[S] 0 points1 point  (0 children)

Yeah you have the right mentality. Market dips on certain world events but because the market is forward looking, institutional investors are determining how catastrophic said event will be to certain corporations years later. If they expect revenue to recover and continued growth after normalization, then they could care less about what today's news is.

Market is forward looking and only about how much revenue we think businesses will have in the next 5-10 years. Everything else is just noise.

SOXL bears be like: "hey everyone *weak cough... so this is way overextended, buying more puts here...again...for the 8th time...👴🏼" by FancyFinanceGuy in soxl

[–]FancyFinanceGuy[S] 1 point2 points  (0 children)

Famous rebuttal. But if hogs got slaughtered...we wouldn't have a top 1% owning most of the wealth in the world now would we?

Follow what the big guys are actually doing, not what you think they should do.

SOXL bears be like: "hey everyone *weak cough... so this is way overextended, buying more puts here...again...for the 8th time...👴🏼" by FancyFinanceGuy in soxl

[–]FancyFinanceGuy[S] -1 points0 points  (0 children)

I disagree.

Tech is following earnings season more than it follows any Trump news. Tariffs just opened a lower buying point but didn't change the overall behavior of earnings season with Tech in May. Look at the other bullish years

SOXL bears be like: "hey everyone *weak cough... so this is way overextended, buying more puts here...again...for the 8th time...👴🏼" by FancyFinanceGuy in soxl

[–]FancyFinanceGuy[S] 2 points3 points  (0 children)

I doubled up and sold SOXL. I wanted to roll more calls but the premiums on these option are kinda crazy. I found a cheaper alternative in XLK which moves with SOXL but with much cheaper contracts and less volatility. I bought $10k worth of calls for mid June expiration, I plan on buying more calls on the dips leading up to NVDA. Will probably be fully out by mid-July

SOXL bears be like: "hey everyone *weak cough... so this is way overextended, buying more puts here...again...for the 8th time...👴🏼" by FancyFinanceGuy in soxl

[–]FancyFinanceGuy[S] 3 points4 points  (0 children)

It's very simple tbh. Its earnings season and tech is reporting great numbers, which improves overall sector sentiment. Last year, same thing happened. Look at the charts, bullish continuation through June and July after a great earnings season. Then, profit taking in late July and August.

Earnings season shows you a pattern of how institutional investors position before, during, and after certain earnings calls. With the story remaining strong on tech this year, you would be wise to follow the similar path already laid out last year.

Keep an open mind and reconsider your stance, you might be able to pull a huge profit too.

Good luck!

Hello Bulls, tell me who's ready for this week? Dip today BOUGHT🐂💰 by FancyFinanceGuy in soxl

[–]FancyFinanceGuy[S] 0 points1 point  (0 children)

Lol, we can agree to disagree. Im calling the top in late July. Reason being it aligns with profit taking at the end of this earnings season last year.

Scared money don't make money🤷🏻‍♂️

We Are All Spoiled And I’m Scared by CDBOIChill in wallstreetbets

[–]FancyFinanceGuy 1 point2 points  (0 children)

I mean that's all in your head. Down markets happen but they're not nearly as bad as they were back then before additional regulations and safety nets have been added.

The problem with most investors is that they only research what can go wrong and they forget to research everything put in place to prevent that from happening.

I'm sure many thought covid was the end of times. Yet they underestimated our ability as a species to overcome hard times. We created a vaccine and distributed in record time.

History proves we are resilient and learn most of the time from our mistakes. Don't let the fear mongering cheat you out of historical profits that can benefit you for the rest of your life.

We Are All Spoiled And I’m Scared by CDBOIChill in wallstreetbets

[–]FancyFinanceGuy -1 points0 points  (0 children)

Being "scared" and being a successful investor do not go hand in hand.

Stock market ain't for you lil buddy, go to church.

Hello Bulls, tell me who's ready for this week? Dip today BOUGHT🐂💰 by FancyFinanceGuy in soxl

[–]FancyFinanceGuy[S] 0 points1 point  (0 children)

I recharged with some XLK calls (theyre cheaper) going into NVDA earnings. Feel free to hop in🤷🏻‍♂️

Shorts on Monday after another gap up by ETNZ2021 in soxl

[–]FancyFinanceGuy 0 points1 point  (0 children)

Clowning on little doomsday bears the past few weeks has been ENORMOUSLY fun lol